Move over, K-pop merch hauls – China is launching the ultimate shopping spree to supercharge its economy! The government just rolled out a 300 billion yuan ($42B) stimulus package featuring ultra-long-term bonds and consumer-friendly perks like extended credit limits. Think of it as a TikTok-worthy 'buy now, pay later' campaign for big-ticket items like smart appliances and EVs.
Beyond Gadgets: The Service Economy Surprise
While tech gets buzz, the real glow-up is happening in healthcare, eldercare, and childcare sectors! New policies are cutting red tape to let businesses innovate – imagine grandma getting AI-assisted checkups or parents booking premium nanny services via apps.
Cash in the Pocket, Apps on the Phone
Banks are getting creative too! Financial regulator Li Yunze announced custom loan products tailored for Gen-Z lifestyle goals. Picture this: higher credit limits for eco-friendly home upgrades or extended payment plans for that Bali-style wellness retreat.
Already seeing results: Service spending jumped 7.4% this year, with each person dropping 13,016 yuan on experiences. 'This is the golden age of service innovation,' says East China Normal University's Zeng Gang.
NewspaperAmigo – Your Global News Buddy 
The government just rolled out a 300 billion yuan ($42B) stimulus package featuring ultra-long-term bonds and consumer-friendly perks like extended credit limits. Think of it as a TikTok-worthy 'buy now, pay later' campaign for big-ticket items like smart appliances and EVs. 
New policies are cutting red tape to let businesses innovate – imagine grandma getting AI-assisted checkups or parents booking premium nanny services via apps. 
